ALBANY, N.Y. (AP) — Elected officials, consumer advocates and regulators in 18 states are pushing for the Federal Energy Regulatory Commission to ensure that utility customers see a reduction in their bills thanks to windfalls utilities will reap from corporate tax cuts included in the federal tax overhaul.
In a letter sent to the commission on Tuesday, the coalition called for an investigation into the “justness and reasonableness” of utility rates now that the tax cuts approved by Congress last month reduce the corporate income tax rate from 35 percent to 21 percent.
The attorneys general from Illinois and 11 other states signed the letter.
While a typical household may see its monthly utility bills reduced by just a few dollars, the overall savings across the nation could be significant.
Several other utilities have announced they’ll cut rates, including in Illinois, where Commonwealth Edison has asked state officials to approve passing along about
$200 million in tax savings to its customers this year.